Semiconductors in the Global Military and Aerospace Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Semiconductors in the Global Military and Aerospace Market Trends and Forecast

The future of semiconductors in the military and aerospace market looks promising with opportunities in the aerospace and defense sectors. The global military and aerospace market in terms of semiconductor usage is expected to reach an estimated $4.8 billion by 2028 with a CAGR of 9% from 2023 to 2028. The major drivers for this market are increasing need for aircraft upgradation, growing military expenditure, and rising demand for high performance electronics in military applications.

Semiconductors in the Global Military and Aerospace Market by Product, Application, and Region

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.

Semiconductors in the Global Military and Aerospace Market by Segments

Semiconductors in the Global Military and Aerospace Market by Segment

The study includes trends and forecast for semiconductors in the global military and aerospace market by product, application, and region, as follows:

Semiconductors in the Military and Aerospace Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:

Memory

Logic

MOS microcomponents

Analog

Semiconductors in the Military and Aerospace Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

Aerospace

Defense

Semiconductors in the Military and Aerospace Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

North America

Europe

Asia Pacific

The Rest of the World

List of Semiconductor Companies in the Military and Aerospace Market

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, semiconductor companies in the military and aerospace market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the semiconductor companies in the military and aerospace market profiled in this report include-

Analog Devices

Infineon Technologies

Microchip Technology

Northrop Grumman

NXP Semiconductors

Semiconductors in the Military and Aerospace Market Insights

Lucintel forecasts that memory will remain the largest product segment over the forecast period due to its increasing usage in automation satellites and artificial intelligence technologies.

Defense is expected to remain the largest application segment due increasing penetration of semiconductors in various applications, such as unmanned aerial vehicles, communication equipment, and missiles.

North America will remain the largest region due to high demand for military and aerospace sector, increasing spending by governments, and favorable regulatory environment.

Features of Semiconductors in the Military and Aerospace Market

Market Size Estimates: Semiconductor in the military and aerospace market size estimation in terms of value ($B)

Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.

Segmentation Analysis: Semiconductors in the military and aerospace market size by various segments, such as by product, application, and region

Regional Analysis: Semiconductors in the military and aerospace market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.

Growth Opportunities: Analysis on growth opportunities in different products, applications, and regions for the semiconductor in the military and aerospace market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape for semiconductors in the global military and aerospace market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the military and aerospace market size in terms of semiconductor usage?

Answer: The global military and aerospace market in terms of semiconductor consumption is expected to reach an estimated $4.8 billion by 2028.

Q2. What is the growth forecast for semiconductor in the military and aerospace market?

Answer: The global military and aerospace market in terms of semiconductor consumption is expected to grow with a CAGR of 9% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of semiconductors in the military and aerospace market?

Answer: The major drivers for this market are increasing need for aircraft upgradation, growing military expenditure, and rising demand for high performance electronics in military applications.

Q4. What are the major segments for semiconductor in the military and aerospace market?

Answer: The future of semiconductors in the military and aerospace market looks promising with opportunities in the aerospace and defense sectors.

Q5. Who are the key semiconductor companies in the military and aerospace market?

Answer: Some of the key semiconductor companies in the global military and aerospace market are as follows:

Analog Devices

Infineon Technologies

Microchip Technology

Northrop Grumman

NXP Semiconductors

Q6. Which segment in the semiconductor in the military and aerospace market will be the largest in future?

Answer: Lucintel forecast that memory will remain the largest product segment over the forecast period due to the increasing demand for data storage, higher performance requirements, and long product lifecycles, including processors, memory, and sensor.

Q7. In semiconductor in the military and aerospace market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region due to high demand for military and aerospace sector, increasing spending by governments, and favorable regulatory environment.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for semiconductors in the global military and aerospace market by product (memory, logic, MOS microcomponents, and analog), application (aerospace and defense), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?